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20121224
20130101
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CNBC 4
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CNBC
Dec 24, 2012 5:00am EST
forward on the fiscal cliff issue. it does seems as though they're running into logger heads here slowly before the last couple of days before the deadline to solve the fiscal cliff negotiations. the ftse 100, a couple of points higher at the moment. same going for the spanish market, the aex in the corner. we're looking at relatively flattish trade here in europe on christmas eve. let's recap off of what we've seen in asia in the overnight session here. you're looking at slight gains across the board. the shanghai composite up by .25%. you're seeing similar gains in the s&p asx and the hang seng, the kospi both a couple of points up to the upside, as well. currency markets, pretty stable trade, too. we're seeing slightly lower volumes to say the least as you would anticipate here during the holiday days. we are, though, flirt, a recent high is 1.32. a couple of sessions ago, we were down at the 1.29 mark. aussie/dollar flat. sterling seeing slight gains. just to wrap things up showing you what's taking place in fixed income, relatively flattish trade, as well. the yield here on the span
CNBC
Dec 31, 2012 4:00am EST
. if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes and we're then going to have some tough negotiation necessary terms of how we continue to reduce the deficit, grow the economy, create -- >> but this fight comes back. now, i want to ask you specifically about entitlements, medicare and social security. are you prepared in the first year of your second term to significantly reform those two programs, to go beyond the cuts you've suggested to benefits in medicare, that your own dead commission suggested you would have to do if you were going to shore up medicare at least? are you prepared to do that in your first year of a second term? >> what i've said is i am prepared to do everything i can to make sure that medicare and social security are there not just for this generation and for future generations. >> you have to talk tough to seniors. >> i already have. one of the proposals we made is something called change cpi which basically makes an adjustment in terms of how inflation is calculated on social security, highly unpopular among
CNBC
Dec 26, 2012 5:00am EST
the fiscal cliff and sometime in the first week and a half, that's the political theater where the republicans can then cut taxes instead of raising taxes on anyone. and all will be well. i do think, however, the one thing that i'm worried about is the markets are okay with that, and they -- in our business we say buy the room or sell the facts. they price in this good outcome that happens the first week of january. then there's no reason left to buy. we priced that in and go lower. i did establish shorts on christmas eve. >> jim, good morning, it's seema. how you doing? >> good. >> good. you know, in terms of where we are at, in terms of fiscal cliff negotiations, how would you advise investors to invest in the short term? if you're watching the political rhetoric out of washington, how would you tell people at home to really invest? >> i think there's things that were beaten down hard for tax purposes in anticipation of raising a capital gains tax. it's a bad time to move into apple. things like intel. something that the market beat up all year, you know, in the name of it be
CNBC
Dec 28, 2012 4:00am EST
poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. 27% cited the gop is responsible. 16% blaming the president, 6% pointing to the democrats while 31% said they would blame all of the above for going over the cliff. alistair newton, you've seen the attitudes of the american people. i guess we're going over the cliff. >> i guess we are. got that one wrong, didn't i? >> so you expected -- a lot of people expected a resolution. does it matter that we're actually going to go over it? >> so far, markets are taking it surprisingly calmly, haven't they? we've seen a bit of volatility yesterday. but the thought that obama is going to get people in a room today, you saw u.s. equities recovering a bit before close yesterday. it's going to be pretty interesting the next few days. i don't rule out total ly washington coming to its senses, but i have to say at the moment that the odds look rather against it. but there is still another option which people are not considering at the moment, and that is that we get a deal before the 12th congress wraps
Search Results 0 to 3 of about 4